VAR Resources (TSXV:VAR) Inventory Turnover : 0.00 (As of Jul. 2022)

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What is VAR Resources Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. VAR Resources's Cost of Goods Sold for the three months ended in Jul. 2022 was C$0.00 Mil. VAR Resources's Average Total Inventories for the quarter that ended in Jul. 2022 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

VAR Resources Inventory Turnover Historical Data

The historical data trend for VAR Resources's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VAR Resources Inventory Turnover Chart

VAR Resources Annual Data

Trend

Oct12

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Oct21

Inventory Turnover

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VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

VAR Resources Inventory Turnover Calculation

VAR Resources's Inventory Turnover for the fiscal year that ended in Oct. 2021 is calculated as

	Inventory Turnover (A: Oct. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2021 )	/ (	(Total Inventories (A: Oct. 2020 )	+	Total Inventories (A: Oct. 2021 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

VAR Resources's Inventory Turnover for the quarter that ended in Jul. 2022 is calculated as

	Inventory Turnover (Q: Jul. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2022 )	/ (	(Total Inventories (Q: Apr. 2022 )	+	Total Inventories (Q: Jul. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

VAR Resources (TSXV:VAR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

VAR Resources's Days Inventory for the three months ended in Jul. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2022 )	/	Cost of Goods Sold (Q: Jul. 2022 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

VAR Resources's Inventory to Revenue for the quarter that ended in Jul. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2022 )	/	Revenue (Q: Jul. 2022 )
	=	0	/	0
	=

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

VAR Resources Inventory Turnover Related Terms

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